THE BALTIC CODE 2014

The present latest release of the Baltic Code contains necessary guidance for shipbrokers; it is based on the distilled experience of Baltic Exchange members collected during many past years. The Code was last updated in February 2014. It is aimed to cover all the basic principles of shipbroking and to highlight the wide range of unacceptable practices. Among the areas covered herein there are the misrepresentation of authority, the withholding of commission, holding multiple ships or cargoes firm, unsolicited offers, disbursements, subjects, market info and contractual obligations...